Gene Munster Sees 8 Million iPhone 5s Sold This Weekend (AAPL)
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Rating Summary:
52 Buy, 12 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 21 | Down: 43 | New: 13
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Piper Jaffray's Gene Munster sees a blockbuster weekend for Apple's (NASDAQ: AAPL) iPhone 5 but he is backing off his earlier projections.
Munster sees 8 million iPhone 5s sold over the opening weekend, versus his prior suggestion of 6-10 million. The analyst cited presale lines in various major cities, which are up 83 percent from last year.
Separately, commentators on CNBC said, "10 million is the high end of views, but anything less than 8 million may be a disappointment."
The world may soon know the actual figure. Munster expects an official release from Apple on Monday about the opening weekend results.
He is maintaining his Overweight rating and price target of $910.00.
For an analyst ratings summary and ratings history on Apple click here. For more ratings news on Apple click here.
Shares of Apple closed at $698.70 yesterday, with a 52 week range of $354.24-$703.99.
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Munster sees 8 million iPhone 5s sold over the opening weekend, versus his prior suggestion of 6-10 million. The analyst cited presale lines in various major cities, which are up 83 percent from last year.
Separately, commentators on CNBC said, "10 million is the high end of views, but anything less than 8 million may be a disappointment."
The world may soon know the actual figure. Munster expects an official release from Apple on Monday about the opening weekend results.
He is maintaining his Overweight rating and price target of $910.00.
For an analyst ratings summary and ratings history on Apple click here. For more ratings news on Apple click here.
Shares of Apple closed at $698.70 yesterday, with a 52 week range of $354.24-$703.99.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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